5 Angie's List executives sued by shareholders

11:01 AM,
Dec. 26, 2013

Angie's List is headquartered east of Downtown Indianapolis.

Written by

Tony Cook
Indianapolis Star

Top executives at Angie's List made millions of dollars by misleading shareholders and selling off stock at artificially inflated prices, according to a lawsuit filed Monday in U.S. District Court in Indianapolis.

The lawsuit, filed by the same New York firm that recovered $7.3 billion for victims of energy giant Enron, seeks class-action status for potentially hundreds of Angie's List stockholders.

The 28-page complaint alleges that five top Angie's List officials, including co-founders William Oesterle and Angela Hicks Bowman, misled investors about the company's condition ...